Bitcoin (BTC) price forecast: Dollar bearish positioning hits highest since 2012.

Bitcoin (BTC) price forecast: Dollar bearish positioning hits highest since 2012.

BofA's February survey shows investor positioning in the U.S. dollar has fallen to its most negative level since at least early 2012.

Fund Managers Turn Most Bearish on the Dollar

The US Dollar Index is hovering near a four-year low. Bank of America’s February survey shows fund manager positioning at its most negative since at least 2012. Capital is flowing out — and the reasons are structural, not cyclical. Fund managers have taken the most bearish stance on the US dollar in more than a decade, as the currency absorbs the accumulated damage of unpredictable American policymaking, eroding institutional confidence, and a w…